According to the public record, Low Rigg, Hexham is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,930 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Allenheads, Hexham, NE47 is located within the NE47 postal district.
Low Rigg, Hexham has a single entry in the Land Registry database from November 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in good condition, we estimate the current sale value for Low Rigg Hexham as £497,401 and the rental value as £1,238 per month giving an expected gross yield of 3%.
Over the last 12 months the sale value of Low Rigg Hexham has increased by £1,655 (0.3%) and its rental value has increased by £100 per month (8.1%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Low Rigg, Hexham is in very good condition we estimate a sale value of £522,271 and rental value of £1,300 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £462,583 and a rental value of £1,151 per month.
If you were able to purchase this property for the estimated value of £497,401, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,445 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Low Rigg, Hexham was last sold on 26 Nov 2021 for £505,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2021, the market for similar properties has risen 6.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Low Rigg, Hexham within a radius of 10.1 kilometres over the last 2 years.
The most recent example is St. Peters Cottage, Hexham, NE47 9UQ, a Freehold house which sold for £396,500 in Oct 2015.
Read more about house prices in NE47.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Allenheads, Hexham, NE47 has a total of 70 addresses. According to our analysis of all the public data, Low Rigg, Hexham is the 17th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £239k more expensive than the average property in NE47.
The closest station to Low Rigg, Hexham is Haydon Bridge station which is 18.7 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Low Rigg, Hexham, 45.0% of property is privately owned outright and 26.4% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Low Rigg, Hexham, 7.7% of residents are recorded as possessing school level qualifications and 42.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Low Rigg, Hexham, the average age was 47.7 and the most common age was 62.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Low Rigg, Hexham, 1.5% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Low Rigg, Hexham, there are an average of 1.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.